How to Pass Amazon Tax Interview After 50 Sales?

eager693 · #1 04-13-2016

What does Amazon Verify during the Tax Interview? Is it just the EIN number? I have a S Corporation, but what am I suppose to use for the address? Can I use any address? Does amazon verify the address? The name I know I can use the corporation name, just confused about the address and what is actually verified. Thank you.

yankee · #2 04-13-2016

Is your corps address banned on amazon?

If so, just use the address you currently are using on the account.

eager693 · #3 04-13-2016

Got it. So that means they don't verify the address.

yankee · #4 04-13-2016

Very specificly they ask the IRS, "Does this name match this number" and the replay is a YES or No. Now of course it is automated and sometimes instant on Amazon. If the number happens to fail, you have 30 days to correct it.

eager693 · #5 04-13-2016

Makes sense. So I use the S Corporation Name and EIN that I made with my accountant. My Corps Address is banned so can't use that. Will use the same address already on the account since they dont verify the address. Thank you!

eager693 · #6 07-18-2016

Basically, I have an S-Corporation. For Business Name, I use my corporation name RFGYU INC, then use the stealth address, then the EIN number my accountant gave me. I type in everything exactly as it appears on my CP575A form I received from the IRS. However I keep getting the email from Amazon "Action Required: Please provide your Tax Identity Information within 30 days" indicating does not match IRS records. I looked at seller forums, see link https://sellercentral.amazon.com/for...sageID=3450828 saying that the business address must match and that may be a reason for failure to match IRS records. I have to use my stealth address, my business address is banned by amazon on a previously suspended account. I can't lie to my accountant and ask them to make a corporation with a stealth address, they won't do that. I have no idea what to do to pass the tax interview. My accountant wants his 600 bucks either way for making the corporation/EIN. I guess I have no way of passing the interview with a stealth address? I cant sell anything past 50 sales because I cant pass the tax interview, plus Im stuck paying my accountant 600 bucks for nothing. Please advise on how to pass the Amazon tax interview. Thank you!

yankee · #7 07-18-2016

If you made the EIN(free by the way, no need to pay anyone) in the last 60 days, it is going to fail in amazon because the IRS is at least 50 days backed up and you have no records.

States are up to 13 months unless you pay for expedited service.
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The address does not have to match.

So what you do is in the 30 days, reenter the EIN...... and then 30 days later do it again.....if need be.

For many of us, we do this every month with a random number.

eager693 · #8 07-18-2016

Excellent. That makes sense. My accountant set up the corporation name & EIN about a week ago, so that probably is not enough time. 3 quick questions below:

1) Does it matter if its LLC or Inc? I always use S-Corporations is that ok?

2) Is there a cheaper way to make corporation/EIN? I know getting an EIN is free, but in order to get one, you need a corporation I believe. Most accountants I spoke too want at least $500 for this service, saying state filing fees, etc alone is $350. What do you recommend is the best and cheapest way to get a corporation/EIN without the need for an accountant?

3) Can Amazon hold onto your money if suspended past 50 sales without tax verification? Or do they simply block your listings but allow disbursements to continue? For example, if I made 80 sales but still no tax verification & they suspend, would I lose the money until I provide EIN? Or will the disbursements still be released?

Many Thanks.

yankee · #9 07-18-2016

You get the EIN first for free...You have up to 24 months to create a company with it or do nothing at all....

You can file everything yourself for free....No need for an accountant if you already understand the tax structure you want. I love S-corps either LLC flied as an S or straight up S-corp. I like the states of WY and NV for my online businesses. Low fees and no state taxes. Some states filing a company can be more than a thousand dollars. States like NY require all sorts of extra stuff that can cost an addition thousand or more.

You can enter a number every 30 day......forever.

eager693 · #10 07-18-2016

Wait....so basically, you can just keep entering random numbers for the EIN on the Amazon Tax Settings page and they will keep giving you an additional 30 days? Forever? So today is July 18th and I got a notice for 30 more days. If on August 15th, I enter another random number, I get 30 more days? Then Sept 14th, another random number, 30 more days. Forever and ever without suspension?

VanVan13 · #11 11-30-2016

Quote:

Originally Posted by yankee

You get the EIN first for free...You have up to 24 months to create a company with it or do nothing at all....

You can file everything yourself for free....No need for an accountant if you already understand the tax structure you want. I love S-corps either LLC flied as an S or straight up S-corp. I like the states of WY and NV for my online businesses. Low fees and no state taxes. Some states filing a company can be more than a thousand dollars. States like NY require all sorts of extra stuff that can cost an addition thousand or more.

You can enter a number every 30 day......forever.

is this still true for the 30 days EIN re-entry?
or should i have a real taxid in the works

thanks in advance!

peace!